Practice question
A secret association satisfies both Article 1775 conditions, yet members invoke Article 1768 as an exceptionless grant of separate personality to every arrangement called partnership. Which is correct?
- Every label creates personality
- Article 1775 has no legal effect
- Publicly displayed business cards always cure secrecy
- The specific Article 1775 exception must be read with the general personality rule; the stipulated association is governed by co-ownership provisions.
- The association automatically becomes an SEC-registered corporation
Legal references
- Civil Code, RA 386, Articles 1767-1775: https://lawphil.net/statutes/repacts/ra1949/ra_386_1949.html
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